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← CockpitCompetitor Analysis › 2734.T Sala CorporationOpen in the cockpit ↗

Sala Corporation2734.TCompetitor analysis, valuation and peers

Japan · JPY·Utilities›Gas Distributors
Momentum strong 61
Mkt cap
$456M
US dollars, full cap
Free float
60%
of shares outstanding
$/day
$1.62M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-0.4 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
68 days
13 Jan 2027
Close · JPY¥1,130
1D-4.2%
1W-1.6%
1M-3.0%
3M-2.6%
6M+8.7%
YTD-0.3%
1Y+2.9%
ATR %2.4%
52w lowhigh10.3% off high

What Sala does

Employees: 4,172

Sala at a glance

Size Sala (2734.T) is a Japan Utilities company (Gas Distributors) with a market value of $456M, the 1124th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,130 on 6 Nov 2026.

Performance Over six months the shares gained 8.7%, against -15.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue grew 2.8% over the last twelve months (peer median +0.2%); the operating margin is 3.7% (peer median 8.2%).

Valuation It trades at 0.5× enterprise value to sales against a peer median of 1.4× (3rd cheapest of 20).

Capital Return on invested capital runs 0.4 points below its cost of capital (5.0% WACC).

Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20262734.T 109Peer median 84
Six months, rebased to 100: Sala against the median of its 20 peers (local-currency closes).

Sala financials

Reported figures in JPY; fiscal year ends 2025-11-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥258B¥252B¥240B¥242B¥235B
Revenue growth—+5%-1%+3%—
Gross profit¥63.9B¥55.9B¥51.8B¥50.5B¥52.1B
EBITDA¥16.6B¥14.2B¥12.9B¥12.7B¥13.9B
Net income¥7.15B¥5.87B¥5.25B¥6.10B¥5.68B
Free cash flow-¥4.98B¥6.89B¥4.37B¥98.0M¥5.14B
Capital expenditure¥12.4B¥11.3B¥11.5B¥6.96B¥5.61B
Total debt¥70.0B¥61.6B¥55.9B¥54.2B¥53.7B

Quarterly statements and history in the cockpit →

Sala competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%+20%00225995349908CLNEYU001299000407603706603080166360368901794095369543000096UNT605368ASC2734.T6-month return →1-month return →
Up and to the right = strong over both horizons. Sala is the large dot.

Fundamentals: revenue growth against valuation

0%+20%0×2×4×00225995349908CLNEYU001299000407603706603080300332166360368995369543000096UNTASC2734.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Sala is the large dot.

Sala competitors and peer comparison

How Sala compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Sala against its 20 peers (data as of 6 Nov 2026)
Measure2734.TPeer medianRank in peer set
1-month return-3.0%-2.4%9th lowest of 20
6-month return+8.7%-15.2%2nd highest of 20
Distance from 52-week high-10.3%-30.6%3rd highest of 20
Revenue growth (TTM)+2.8%+0.2%7th highest of 21
Operating margin3.7%8.2%6th lowest of 21
EV / Sales0.5×1.4×3rd cheapest of 20
ROIC minus cost of capital-0.4 pp+0.9 pp8th lowest of 20
EV / EBITDA7.1×8.3×5th cheapest of 11
Net debt / EBITDA2.6×1.7×5th most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Sala 2734.TJapan$456M+9%+3%4%0.5×n/an/a
Sichuan Shengda Forestry Industry 002259.SZChina$447M-27%-1%10%3.0×16.9%+0.9%
Hokkaido Gas 9534.TJapan$468M+3%+1%8%0.7×-6.6%+8.1%
Great Taipei Gas 9908.TWTaiwan$435M-3%0%14%2.2×-5.4%-1.0%
Clean Energy Fuels CLNEUnited States$421M-14%+4%-7%1.4×17.0%+8.1%
Yu Group PLC YU..LUnited Kingdom$414M+3%+14%8%0.2×-9.4%+47.1%
Shaanxi Meineng Clean Energy 001299.SZChina$411M-19%-6%11%3.5×n/an/a
Shandong Shengli 000407.SZChina$512M-20%0%7%1.2×-3.1%-2.0%
Xinjiang East Universe (Group) Gas 603706.SSChina$521M-15%-14%20%2.1×-11.7%+10.6%
Shinhsiung Natural Gas 8908.TWTaiwan$382Mn/a+2%8%1.5×2.4%+10.4%
Xinjiang Torch Gas 603080.SSChina$378M-19%+1%14%1.6×-5.1%+19.3%
Top Resource Energy 300332.SZChina$556M-20%-3%0%2.0×12.9%+8.8%
K&O Energy 1663.TJapan$585M-28%-1%12%0.6×-8.6%+9.3%
Anhui Province Natural Gas Development 603689.SSChina$601M-10%-9%9%1.3×0.6%+1.4%
E1 Corporation 017940.KSSouth Korea$339M-27%+24%0%n/an/an/a
Saibu Gas 9536.TJapan$630M+23%-6%5%1.4×n/an/a
Shizuoka Gas 9543.TJapan$631M-5%0%6%0.5×-9.0%+10.6%
Shenzhen Guangju Energy 000096.SZChina$634M-18%+4%4%2.8×n/an/a
Unimot UNT.WAPoland$315M-12%+5%2%0.2×n/an/a
Henan Lantian Gas 605368.SSChina$687M-18%-9%8%1.3×0.0%+2.7%
Ascopiave ASC.MIItaly$699M-8%+34%26%4.5×4.4%+8.3%

Questions

Which companies are Sala's closest peers?
The cockpit's peer set: Sichuan Shengda Forestry Industry (002259.SZ), Hokkaido Gas (9534.T), Great Taipei Gas (9908.TW), Clean Energy Fuels (CLNE), Yu Group PLC (YU..L), Shaanxi Meineng Clean Energy (001299.SZ), Shandong Shengli (000407.SZ), Xinjiang East Universe (Group) Gas (603706.SS).
Is Sala expensive compared with its peers?
On ev / sales it trades at 0.5× against a peer median of 1.4×, 3rd cheapest of 20 in its peer set.
How has Sala stock performed?
Over six months to 6 Nov 2026 the shares returned +8.7% against -15.2% for the median peer; over one year +2.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.